104540 Federal Register / Vol. 89, No. 246 / Monday, December 23, 2024 / Notices 

Additionally, commenters may send a 

copy of their comments to the Office of 

Management and Budget (OMB) Desk 

Officer for the Federal Reserve Board, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street NW, 

Washington, DC 20503, or by fax to 

(202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, nuha.elmaghrabi@frb.gov, (202) 

452–3884. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement (which contains 

more detail about the information 

collection and burden estimates than 

this notice), and other documentation, 

will be made available on the Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 3036. Final versions of these 

documents will be made available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’s 

estimate of the burden of the proposed 

information collection, including the 

validity of the methodology and 

assumptions used; 

c. Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

d. Ways to minimize the burden of 

information collection on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal Under OMB Delegated 

Authority To Extend for Three Years, 

With Revision, the Following 

Information Collection 

Collection title: Central Bank Survey 

of Foreign Exchange and Derivatives 

Market Activity. 

Collection identifier: FR 3036. 

OMB control number: 7100–0285. 

General description of collection: The 

FR 3036 is a component of the U.S. 

portion of a global data collection that 

is conducted by central banks once 

every three years and captures 

information relating to the volume of 

foreign exchange (FX) transactions. The 

Bank for International Settlements (BIS), 

of which the Board is a member, 

compiles aggregate national data from 

each central bank to produce and 

publish global market statistics. More 

than 50 central banks plan to conduct 

this global data collection (the BIS 

survey) in 2025 (the 2025 Survey). 

Aggregated data from the FR 3036 is 

compiled and forwarded to the BIS, 

which uses the data to produce and 

publish these statistics. 

Proposed revisions: The Board 

proposes to (1) provide clearer guidance 

on what is reportable turnover (explicit 

exclusion of intra-dealer trades), (2) add 

breakdown by currency totals (USD/ 

EUR/JPY) and instrument (Forwards 

and Swaps) for ‘o/w related party trades’ 

in both Foreign Exchange Contracts and 

Interest Rate Derivatives in Tables A1, 

A2, A4, B1 and B2, and (3) add 

breakdown by currency totals (USD/ 

EUR/JPY) for all instruments for ‘o/w 

back-to-back trades’ in both Foreign 

Exchange Contracts and Interest Rate 

Derivatives in Tables A1, A2, A4, A5, 

B1 and B2. Proposed revisions to the FR 

3036 also include a more significant 

addition in the form of a revised 

Settlement of FX Transactions schedule 

(Table A7, Settlement of Foreign 

Exchange Transactions) to collect 

information on FX settlement, including 

a breakdown by counterparty and 

settlement method. The Board proposes 

to revise the instructions to be more in 

alignment with the BIS’s revamped 2025 

Survey FX settlement guidelines. 

Frequency: Triennially. 

Respondents: Commercial banks, 

brokers and dealers, and U.S. offices of 

foreign banking offices with dealing 

operations in the U.S. 

Total estimated number of 

respondents: 21. 

Estimated average hours per response: 

Reporting dealers, 66; reporting dealers 

for FX settlements only, 75. 

Total estimated change in burden: 93. 

Total estimated annual burden hours: 

1,458. 

Board of Governors of the Federal Reserve 

System, December 18, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–30587 Filed 12–20–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the Basel II 

Interagency Pillar 2 Supervisory 

Guidance (FR 4199; OMB No. 7100– 

0320). 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, nuha.elmaghrabi@frb.gov, (202) 

452–3884. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 89, No. 246 / Monday, December 23, 2024 / Notices 104541 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements 

(which contain more detailed 

information about the information 

collections and burden estimates than 

this notice), and approved collection of 

information instrument(s) are available 

at https://www.reginfo.gov/public/do/ 

PRAMain. These documents are also 

available on the Federal Reserve Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 4199. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Collection title: Basel II Interagency 

Pillar 2 Supervisory Guidance. 

Collection identifier: FR 4199. 

OMB control number: 7100–0320. 

General description of collection: 

Advanced approaches banking 

organizations are required to use an 

internal ratings-based approach to 

calculate regulatory credit risk capital 

requirements and advanced 

measurement approaches to calculate 

regulatory operational risk capital 

requirements. Banking organizations are 

required to meet certain qualification 

requirements before they can use the 

advanced approaches framework for 

risk-based capital purposes. The Pillar 2 

Guidance sets the expectation that such 

organizations maintain certain 

documentation as described in 

paragraphs 37, 41, 43, and 46 of this 

portion of the guidance. 

Frequency: On occasion. 

Respondents: State member banks and 

bank holding companies that use the 

advanced approaches framework. 

Total estimated number of 

respondents: 15. 

Total estimated annual burden hours: 

6,300. 

Current actions: On July 29, 2024, the 

Board published a notice in the Federal 

Register (89 FR 60895) requesting 

public comment for 60 days on the 

extension, without revision, of the FR 

4199. The comment period for this 

notice expired on September 27, 2024. 

The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, December 18, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–30588 Filed 12–20–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the Census of 

Finance Companies and Other Lenders 

and Survey of Finance Companies (FR 

3033p and FR 3033s; OMB No. 7100– 

0277). 

DATES: Comments must be submitted on 

or before February 21, 2025. 

ADDRESSES: You may submit comments, 

identified by FR 3033p or FR 3033s, by 

any of the following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments, 

including attachments. Preferred 

method. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

• Hand Delivery/Courier: Same as 

mailing address. 

• Other Means: publiccomments@

frb.gov. You must include the OMB 

number or the FR number in the subject 

line of the message. 

Comments received are subject to 

public disclosure. In general, comments 

received will be made available on the 

Board’s website at https://

www.federalreserve.gov/apps/ 

proposals/ without change and will not 

be modified to remove personal or 

business information including 

confidential, contact, or other 

identifying information. Comments 

should not include any information 

such as confidential information that 

would be not appropriate for public 

disclosure. Public comments may also 

be viewed electronically or in person in 

Room M–4365A, 2001 C St. NW, 

Washington, DC 20551, between 9 a.m. 

and 5 p.m. during Federal business 

weekdays. 

Additionally, commenters may send a 

copy of their comments to the Office of 

Management and Budget (OMB) Desk 

Officer for the Federal Reserve Board, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street NW, 

Washington, DC 20503, or by fax to 

(202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, nuha.elmaghrabi@frb.gov, (202) 

452–3884. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement (which contains 

more detail about the information 

collection and burden estimates than 

this notice), and other documentation, 

will be made available on the Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 3033p or FR 3033s. Final versions of 

these documents will be made available 

at https://www.reginfo.gov/public/do/ 

PRAMain, if approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collections, 

which are being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collections 

of information are necessary for the 

proper performance of the Board’s 

functions, including whether the 

information has practical utility; 

b. The accuracy of the Board’s 

estimate of the burden of the proposed 

information collections, including the 

validity of the methodology and 

assumptions used; 


khammond on DSK9W7S144PROD with NOTICES